In step with the earnings Tax branch rules, nobody is allowed to keep a couple of PAN variety.
PAN or everlasting Account quantity is a unique 10-digit quantity allocated by the profits Tax department to an income tax payer. Having a PAN Card is obligatory for an income taxpayer but what if someone has PAN playing cards? in line with the earnings Tax department rules, nobody is permitted to preserve a couple of PAN variety. under segment 272B of the profits Tax Act, if someone has PAN cards, then the man or woman might also become paying a penalty as much as Rs 10,000. additionally, no people or entities can hold the same PAN wide variety as consistent with the profits tax regulations.
Penalty for two PAN playing cards
As consistent with the income tax policies, holding two PAN playing cards is an offense. all people who has PAN playing cards, will come to be paying a penalty of Rs 10,000 below segment 272B of the income Tax Act. consequently, if a person has been allocated PAN playing cards, then he should immediately give up the additional PAN playing cards. Pan Card Apply Online
a way to avoid penalty 
If, in case, someone has received PAN cards, then he ought to surrender the additional card without delay. every so often, on applying for a PAN online, it gets not on time and does not reach the tax-payer's given address on time. In such conditions, the PAN Card applicant re-applies and ends up receiving two PAN cards with one of a kind numbers.
the way to give up PAN Card
for you to give up one's extra PAN, one can either log on or post the form offline. there is a common form for surrendering or for making any modifications in the PAN.
you could down load the form from the hyperlink that says “Request for brand spanking new PAN Card Or/ And changes Or Correction in PAN data” at the reliable NSDL website and post it at any of the NSDL places of work.

in step with the earnings Tax department guidelines, nobody is allowed to preserve a couple of PAN range.
PAN or permanent Account range is a completely unique 10-digit quantity allocated via the income Tax department to an earnings tax payer. Having a PAN Card is mandatory for an earnings taxpayer however what if a person has PAN playing cards? in line with the profits Tax department regulations, no one is authorized to hold multiple PAN wide variety. beneath segment 272B of the profits Tax Act, if a person has two PAN playing cards, then the individual may additionally end up paying a penalty up to Rs 10,000. also, no two people or entities can keep the identical PAN number as in line with the earnings tax guidelines.
Penalty for two PAN playing cards
As per the earnings tax regulations, maintaining PAN playing cards is an offense. every person who has PAN playing cards, will end up paying a penalty of Rs 10,000 under phase 272B of the income Tax Act. consequently, if a person has been allocated PAN playing cards, then he need to right now surrender the additional PAN playing cards.
a way to keep away from penalty
If, in case, someone has received PAN cards, then he ought to surrender the extra card without delay. every so often, on making use of for a PAN on-line, it receives delayed and does no longer attain the tax-payer's given address on time. In such conditions, the PAN Card applicant re-applies and ends up receiving PAN cards with distinctive numbers.
the way to give up PAN Card
in order to surrender one's extra PAN, you will both go online or put up the form offline. there may be a not unusual form for surrendering or for making any modifications inside the PAN.
you will down load the form from the hyperlink that says “Request for brand spanking new PAN Card Or/ And adjustments Or Correction in PAN records” at the reliable NSDL internet site and post it at any of the NSDL offices.